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IT services

Indian IT Sector to see subdued growth in Q3, recovery likely in Q4FY25

Indian IT Sector to see subdued growth in Q3, recovery likely in Q4FY25

Mon, Nov 18, 2024

The IT sector is expected to witness subdued growth in the third quarter of FY25, primarily due to seasonal factors, according to a report by Centrum.

Tech Mahindra to merge two US-based subsidiaries

Tech Mahindra to merge two US-based subsidiaries

Sun, Mar 24, 2024

Tech Mahindra (Americas) (TMA) is a wholly owned material subsidiary of the company. BORN is a wholly owned subsidiary of TMA and a step-down wholly owned subsidiary of the company.

Hiring index for IT services has declined in all nine months of this year

Hiring index for IT services has declined in all nine months of this year

Thu, Oct 12, 2023

The hiring index for IT-Software/Services has now declined (on a YoY basis) in all nine months of this year, reflecting continued softness in demand and uncertainty in the overall environment, Emkay Global Financial Services.

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Infosys slides, drags peers as forecast cut fans demand worries

Infosys slides, drags peers as forecast cut fans demand worries

Fri, Jul 21, 2023

Shares of Infosys fell as much as 10% on Friday, dragging its peers and the benchmark index, after India's No.2 software exporter halved its full-year revenue growth outlook, fuelling worries about slowing demand for IT services.

TCS Q4 preview: Here is what top brokerages expect from IT services bellwether

TCS Q4 preview: Here is what top brokerages expect from IT services bellwether

Tue, Apr 11, 2023

TCS Q4 preview: HDFC Securities sees the company's revenue (sales) at $7,241, up 2.4 per cent QoQ and 8.1 per cent YoY.

What Is Gartner's Forecasting On IT Services? Watch This For Details

What Is Gartner's Forecasting On IT Services? Watch This For Details

Mon, Apr 10, 2023

Good days will come for IT services! What is Gartner's forecasting on IT Services? Which stocks are in focus? Watch in this video.

Mindtree CEO Debashis Chatterjee speaks on geopolitical developments affecting business

Mindtree CEO Debashis Chatterjee speaks on geopolitical developments affecting business

Wed, Aug 17, 2022

Asked how the global tech budgets will fare in coming quarters given high inflation and macroeconomic worries, Chatterjee said macroeconomic and geopolitical developments are unlikely to turn back or stall business-critical tech modernisation.

TCS eyes big expansion in UK, Europe; signs multi-million dollar deal with Marks & Spencer

TCS eyes big expansion in UK, Europe; signs multi-million dollar deal with Marks & Spencer

Wed, Jul 27, 2022

The country's largest software exporter on Wednesday announced a multi-year, multi-million dollar deal with Marks & Spencer, with which it has been working for over a decade, to transform the British retailer's human resource operations.

HCL Tech opens new global delivery centre in Vancouver

HCL Tech opens new global delivery centre in Vancouver

Fri, Jun 24, 2022

The centre will "significantly" expand the company's presence in the country to serve clients primarily in the hi-tech industry, HCL Tech said in a statement.

Technical Check: This large-cap pipe company inches closer to breakout; see fresh 52-week high in 6-9 months

Technical Check: This large-cap pipe company inches closer to breakout; see fresh 52-week high in 6-9 months

Thu, Jan 06, 2022

Astral Ltd is an Indian multinational conglomerate headquartered in Ahmedabad rose 86 per cent in the last year compared to 26 per cent gains seen in the Nifty50.

Zuper raises USD 1.1 mn funding from Prime Venture, Gunderson Dettemer, Gemba Capital

Zuper raises USD 1.1 mn funding from Prime Venture, Gunderson Dettemer, Gemba Capital

Fri, Sep 18, 2020

Zuper, a platform for intelligent workforce management, on Thursday said it has raised USD 1.1 million (about Rs 8 crore) in seed funding led by Prime Venture Partners

Cognizant to give two-third of India staff 25 pct extra payment over base salary for April

Cognizant to give two-third of India staff 25 pct extra payment over base salary for April

Fri, Mar 27, 2020

IT firm Cognizant on Friday said it will give employees who are at associate level and below in India and the Philippines, an additional payment of 25 per cent of base pay for April, in recognition of their extraordinary continuity-of-service efforts amid the COVID-19 outbreak

We have total contract value of $5.9 billion: N Ganapathy Subramaniam, TCS

We have total contract value of $5.9 billion: N Ganapathy Subramaniam, TCS

Mon, Jan 14, 2019

N Ganapathy Subramaniam (NGS), Chief Operating Officer, TCS, and Ajoy Mukherjee, EVP and Head, Global Human Resources, TCS, during an interview with Zee Business, spoke about the growth drivers, hiring and attrition, growth momentum and investment in skill development.

Infosys to create 1,200 jobs in Australia, to set up 3 innovation hubs

Infosys to create 1,200 jobs in Australia, to set up 3 innovation hubs

Thu, Nov 22, 2018

Infosys said this approach provides the company with a strong foundation to meet rising demand for expertise in areas like machine learning, artificial intelligence (AI), user experience, cyber security, digital platforms, big data and cloud. "Today marks an important milestone for our company in our 20 year journey in Australia," Pravin Rao, Chief Operating Officer at Infosys, said.

Ghosting crisis at companies: Selected candidate not joining is HR's nightmare

Ghosting crisis at companies: Selected candidate not joining is HR's nightmare

Thu, Sep 20, 2018

‘Ghosting’, wherein potential employees simply vanish after an initial dialogue with a company, is a growing issue in India Inc and leads to lost projects, delays in business delivery and wastage of man-hours.

HCL Tech Q3 net profit up 6% to Rs 2,194 crore

HCL Tech Q3 net profit up 6% to Rs 2,194 crore

Fri, Jan 19, 2018

The Noida-based firm had posted a net profit of Rs 2,070 crore in the year-ago period, it said in a statement.

IT spending in India to cross $87 bn in 2018

IT spending in India to cross $87 bn in 2018

Tue, Nov 14, 2017

"The IT buying landscape is changing. Digital business transformation is creating connected platforms and new industry revenue streams," Gartner India Managing Vice President Ganesh Ramamoorthy said.

Most Valuable Brands: Tata's value falls but remains perched at top; Micromax struggles

Most Valuable Brands: Tata's value falls but remains perched at top; Micromax struggles

Thu, May 18, 2017

Value of top Indian brands increased 15% in 2017, ahead of the global average of 11%. Brand Finance List features some surprises in its 2017 brand evaluation that puts Tata's brand on top and IT services that performed well despite of backlash of of H1-B visa fiasco and job cuts.

Govt IT spending in India to grow by 9.5% in 2017

Govt IT spending in India to grow by 9.5% in 2017

Mon, Feb 13, 2017

The government spending on software is expected to grow the highest in 2017 as it is expected to reach $1 billion.

Demonetisation to push IT spending of banking and securities firms to $8.9 billion in 2017

Demonetisation to push IT spending of banking and securities firms to $8.9 billion in 2017

Fri, Feb 10, 2017

IT services will grow the fastest at 13.8% in 2017, as firms in the banking and securities industry invest more in business processes, specifically in business process outsourcing.

India's IT, Auto, Pharma sectors may face brunt of Trump's border tax

India's IT, Auto, Pharma sectors may face brunt of Trump's border tax

Mon, Jan 30, 2017

If Border Tax Adjustment (BTA) brought into effect, there are some Indian sectors like IT services, Textiles, Healthcare and Auto that will be impacted as they might face higher competition from domestic US companies and see rise in cost of their products.

Global IT spending forecast to grow by 2.7% in 2017: Gartner

Global IT spending forecast to grow by 2.7% in 2017: Gartner

Thu, Jan 12, 2017

The over IT spending in 2017 is expected to grow to $3.5 trillion from $3.37 trillion in 2016.

IT spending in India to reach $72 billion in 2017: Report

IT spending in India to reach $72 billion in 2017: Report

Wed, Nov 16, 2016

Software and IT services spends are expected to be the key drivers of this growth in the IT sector.

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